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Business Law Exam 1
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Business Law Exam 1
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25 Questions

1. Gives attorney ability to ask jury questions/talk to them. Trying to figure out whether or not you will bias

2. provides the steps one must follow in order to avail oneself of one's legal rights or enforce another's legal obligations

3. Business ethics does NOT focus on

4. Laws that congress and legislature pass, what most people recognize as law

5. Fee that consists of about 30-40% of your winnings

6. directs sheriff to seize defendants non-exempt property and sell them to pay for judgement

7. IRAC basic steps

8. Jeff believes in the principle of rights theory and uses it to make ethical decisions for his business. He must decide whether to expand his business into Asia. Several key employees do not want the business to expand overseas and have threatened to quit if Jeff makes this move. Under the principle of rights theory, he will make this decision by considering

9. Both state and federal ___ are sources to American Law

10. more than one court can hear the case

11. concerned with the most appropriate location for the trial

12. not accept the award if he/she fails to object in a timely manner

13. defines or creates the rights and obligations of persons and gov't, what you usually think of as law (not statutory)

14. process to obtain information from the opposing party before trial

15. Marshall owns and operates a construction firm. He uses inexpensive and low-grade building products and accepts inferior carpentry work from his subcontractors. Nevertheless, Marshall complies with all the city building codes as well as all state and federal laws. Has he fulfilled all of his ethical obligations?

16. questions plaintiff is asking the defendant

17. Business ethics are consistent only with short-run profit maximization.

18. Compliance with the law is sometimes called the

19. letting the person/company know you are being sued

20. derived from religious and philosophical principles

21. you are starting a new company. You want your employees to act ethically. What will you NOT do?

22. established by the US supreme court (1803), decides whether legislative and executive branch acts constitutionally

23. questions that produce opinionated answers

24. mere compliance with the law

25. Questions involving federal law

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